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According to John Adams there are two ways to conquer a nation and to enslave the people. The first way is by military conquest and the second way is to loan the nation money. The bankers were able to conquer America by burying us in a mountain debt. The debtor is always a slave to its creditor. The government is now has a national debt in excess of 20 trillion dollars and we the people are paying the price.
When people are attacked they fight back, but when you loan them money they become obedient servants to the lenders. Thomas Jefferson warned
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
We no longer live in the land of the free because we have collectively become debt slaves.
When we a man or a nation borrows money they become a slave to the lender. Our government has the authority to create its own money and does not need to borrow it. When Congress created the Federal Reserve we began borrowing money from a privately owned bank.
The Constitution delegated the responsibility to issue our money to Congress, not to privately owned banks. When the government borrows money, the burden of paying the debt is transferred to the people.